PBSIX vs. CMCIX

Last updated Apr 1, 2026

Compare and contrast key facts about Polen U.S. Small Company Growth Fund (PBSIX) and Calvert Small/Mid-Cap Fund Class I (CMCIX).

PBSIX is managed by Polen Capital. It was launched on Nov 1, 2017. CMCIX is an actively managed fund by Calvert Research and Management. It was launched on Jul 29, 2011.

Performance

PBSIX vs. CMCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen U.S. Small Company Growth Fund (PBSIX) and Calvert Small/Mid-Cap Fund Class I (CMCIX). The values are adjusted to include any dividend payments, if applicable.

PBSIX vs. CMCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PBSIX Polen U.S. Small Company Growth Fund	-3.41%	12.05%	3.75%	10.18%
CMCIX Calvert Small/Mid-Cap Fund Class I	-4.71%	-5.28%	10.46%	7.81%

Returns By Period

In the year-to-date period, PBSIX achieves a -3.41% return, which is significantly higher than CMCIX's -4.71% return.

PBSIX

• 1D: -3.92%
• 1M: -10.12%
• YTD: -3.41%
• 6M: -5.22%
• 1Y: 21.31%
• 3Y*: 7.27%
• 5Y*: -1.94%
• 10Y*: —

CMCIX

• 1D: -0.17%
• 1M: -8.88%
• YTD: -4.71%
• 6M: -7.29%
• 1Y: -5.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBSIX vs. CMCIX - Expense Ratio Comparison

Both PBSIX and CMCIX have an expense ratio of 1.26%.

PBSIX

Polen U.S. Small Company Growth Fund

CMCIX

Calvert Small/Mid-Cap Fund Class I

Return for Risk

PBSIX vs. CMCIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBSIX

PBSIX Risk / Return Rank: 37
PBSIX Sharpe Ratio Rank: 26
PBSIX Sortino Ratio Rank: 29
PBSIX Omega Ratio Rank: 23
PBSIX Calmar Ratio Rank: 60
PBSIX Martin Ratio Rank: 48

CMCIX

CMCIX Risk / Return Rank: 2
CMCIX Sharpe Ratio Rank: 2
CMCIX Sortino Ratio Rank: 2
CMCIX Omega Ratio Rank: 2
CMCIX Calmar Ratio Rank: 1
CMCIX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBSIX vs. CMCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen U.S. Small Company Growth Fund (PBSIX) and Calvert Small/Mid-Cap Fund Class I (CMCIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PBSIX	CMCIX	Difference
Sharpe ratio Return per unit of total volatility	0.64	-0.29	+0.93
Sortino ratio Return per unit of downside risk	1.07	-0.30	+1.37
Omega ratio Gain probability vs. loss probability	1.13	0.96	+0.17
Calmar ratio Return relative to maximum drawdown	1.40	-0.54	+1.94
Martin ratio Return relative to average drawdown	4.81	-1.39	+6.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBSIX vs. CMCIX - Sharpe Ratio Comparison

The current PBSIX Sharpe Ratio is 0.64, which is higher than the CMCIX Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of PBSIX and CMCIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PBSIX	CMCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	-0.29	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.18	+0.07

Correlation

The correlation between PBSIX and CMCIX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PBSIX vs. CMCIX - Dividend Comparison

PBSIX has not paid dividends to shareholders, while CMCIX's dividend yield for the trailing twelve months is around 4.46%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PBSIX Polen U.S. Small Company Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	3.60%	0.11%	0.48%	0.16%
CMCIX Calvert Small/Mid-Cap Fund Class I	4.46%	4.25%	7.13%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PBSIX vs. CMCIX - Drawdown Comparison

The maximum PBSIX drawdown since its inception was -52.49%, which is greater than CMCIX's maximum drawdown of -21.50%. Use the drawdown chart below to compare losses from any high point for PBSIX and CMCIX.

Drawdown Indicators

	PBSIX	CMCIX	Difference
Max Drawdown Largest peak-to-trough decline	-52.49%	-21.50%	-30.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.67%	-12.55%	-1.12%
Max Drawdown (5Y) Largest decline over 5 years	-52.49%	—	—
Current Drawdown Current decline from peak	-30.09%	-16.43%	-13.66%
Average Drawdown Average peak-to-trough decline	-21.76%	-6.16%	-15.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	4.90%	-0.26%

Volatility

PBSIX vs. CMCIX - Volatility Comparison

Polen U.S. Small Company Growth Fund (PBSIX) has a higher volatility of 11.21% compared to Calvert Small/Mid-Cap Fund Class I (CMCIX) at 4.68%. This indicates that PBSIX's price experiences larger fluctuations and is considered to be riskier than CMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBSIX	CMCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	4.68%	+6.53%
Volatility (6M) Calculated over the trailing 6-month period	21.38%	10.54%	+10.84%
Volatility (1Y) Calculated over the trailing 1-year period	31.18%	19.19%	+11.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.27%	16.61%	+11.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.37%	16.61%	+10.76%